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Calls for greater efforts to close gender pay, super gap

ANDREW MCKEAN  |  WEDNESDAY, 24 AUG 2022
The latest gender indicators from the Australian Bureau of Statistics (ABS) show that the pay gap between men's and women's salaries has persisted, leading to greater super balance disparity. The ABS said the difference in full-time earnings between ...

Will big super's unlisted investments amplify retirement savings?

ANDREW MCKEAN  |  WEDNESDAY, 24 AUG 2022
Industry Super Australia (ISA) has said that industry super funds' exposure to unlisted assets could lead to its members having more than $130,000 extra at retirement. Today, industry funds have investments of over $1 trillion, including more than ...

Mercer NZ names chief investment officer

CHLOE WALKER  |  TUESDAY, 23 AUG 2022
Padraig Brown has been permanently appointed as Mercer New Zealand's chief investment officer, having acted in the role since May. The appointment also sees Brown promoted to partner. He's been with Mercer since 2011, initially in the Sydney office ...

Mercer Super, Lutheran Super to merge

JAMIE WILLIAMSON  |  TUESDAY, 23 AUG 2022
... but this was delayed. Lutheran Super has about $700 million in funds under management. It was established in 1987 and is home to employees of the Lutheran Church of Australia. "We're proud of what we have achieved on behalf of our members over the ...

SVG invests in Australian agtech

CHLOE WALKER  |  THURSDAY, 18 AUG 2022
... John Harnett said: "We are excited to embark on our ANZ journey from Victoria." "[Victoria is] a large agricultural market, home to world-leading research organisations and a central location to capture agtech success."

Females, millennials lead the way in SMSFs: Class

CHLOE WALKER  |  WEDNESDAY, 17 AUG 2022
... legislation have made it easier for people to make additional contributions, whether it's from the proceeds of selling a home or through the carry-forward rule of unused concessional contributions. "All these options can be a great way to grow balances ...

China records historic trade surplus

ANDREW MCKEAN  |  FRIDAY, 12 AUG 2022
... by rising shipments of mechanical and electrical products, and medical equipment and masks; exports of semiconductors and home appliances underperformed." "The strong exports and weak imports pushed the trade surplus to a new record high of US$101 billion ...

Commonwealth Bank profit nears $10bn

CASSANDRA BALDINI  |  WEDNESDAY, 10 AUG 2022
... profit has risen 11% to $9.6 billion and its net profit increased 9% to $9.7 billion since last year. The banking giant said home loans, up 7.4%, contributed to the strong earnings as well as growth in core businesses and a loan impairment benefit. Its ...

Mining vital to low carbon solutions: Fidelity

ANDREW MCKEAN  |  WEDNESDAY, 10 AUG 2022
Despite its disruptive nature to the societies and ecosystems where it operates, a Fidelity report claims mining will play a central role in decarbonisation. Fidelity said, although discourse about investors' role in helping fund clean technologies ...

Convicted former financial adviser banned for life

CHLOE WALKER  |  TUESDAY, 9 AUG 2022
... charges in November 2021. In May this year, he was sentenced to a three-year intensive correction order, including a 12-month home detention order. During the hearing, ASIC deputy chair Sarah Court said that instead of showing the honesty and integrity ...